Shares of WiFi telco TowerStream (TWER) traded up 4 cents, or 1.5%, at $2.64 just after the end of the session, and are now unchanged at $2.60 after the company this afternoon reported Q4 revenue ahead of consensus and a smaller-than-expected net loss per share, although it offered a revenue forecast this quarter that was below analysts’ expectations.
Revenue in the three months ended in December rose 32%, year over year, to $7.2 million, yielding a net loss per share of 4 cents.
Analysts had been modeling $7.1 million and a 5-cent loss.
For the current quarter, the company sees revenue of $7.6 to $7.7 million, and adjusted Ebitda of $1.2 million to $1.4 million. The lone Street estimate for Q1, from Rodman & Renshaw‘s Amit Dayal, calls for $8.5 million in revenue.
Correction: A prior version of this post listed the wrong amount for Q4′s revenue. My apology for any confusion caused by the error.
Update: It would appear that TWER got some high bids later in the post-market session. The most recent quotes show a bid at $3.15 around a quarter past 5 pm, Eastern. Hence, the after-hours return has spiked to 21%.
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